Ethereum (ETH) Could Hit $12K This Year, Lee Predicts

Fundstrat Global Advisors co-founder and noted market bull Tom Lee is doubling down on his ultra-bullish outlook for the digital asset market.

Despite a punishing start to the year, Lee is forecasting a massive capital rotation that could see Ethereum ($ETH) and Bitcoin ($BTC) reach new all-time highs before the end of 2026.

According to the latest year-end price targets attributed to the strategist, Lee sees a clear path for Bitcoin ($BTC) to hit $200,000. Ethereum ($ETH): has been predicted to hit $12,000.

The bold forecast rests on the premise that the “crypto winter” has officially thawed, giving way to a “crypto spring” driven by institutional accumulation and a reversal of the extreme negative sentiment that dominated the first quarter.

The “rage quitting” bottom

Lee’s current optimism follows a series of earlier predictions made in March 2026, where he argued that the market was on the verge of a macro reversal.

During that period, Lee famously predicted that “crypto winter” would end no later than April.

His reasoning was rooted in contrarian indicators. Lee pointed to the “rage quitting” and widespread capitulation among retail traders as a classic sign of a market bottom.

“You know you’re at the end when people give up on Bitcoin,” Lee explained, noting that extreme frustration is often the final stage before a significant price surge.

Lee dismissed fears of a prolonged summer slump, suggesting that 2026 would break the “sell in May and go away” trend that plagued the previous two years.

“Embarrassing to watch”

Lee’s unwavering bullishness has not been without its detractors. Canadian billionaire and mining magnate Frank Giustra recently took to social media to mock the strategist’s forecasts, calling Lee’s continuous optimism “embarrassing to watch”.

Giustra, a prominent “gold bug,” has long criticized Bitcoin as a speculative asset that fails to serve as a legitimate store of value. He remains convinced that physical precious metals are the only reliable hedge against systemic risk and inflation.